Intchains Group Ltd. Reports 64.9% Revenue Decline in <a href="https://laohu8.com/S/QTWO">Q2</a> 2025, Net Income Decreases to RMB38.3 Million
Intchains Group Ltd. has released its unaudited financial results for the second quarter (Q2) and first half (H1) of 2025. The company's revenue for Q2 2025 stood at RMB43.2 million (US$6.0 million), reflecting a significant decrease of 64.9% compared to RMB123.0 million for the same period in 2024. This decline was primarily attributed to cyclical market fluctuations and reduced demand for its products. For H1 2025, revenue increased by 19.2% to RMB175.6 million (US$24.5 million) from RMB147.3 million in H1 2024. Despite this revenue growth in H1, the company experienced a decrease in net income, reporting RMB4.3 million (US$0.6 million) for H1 2025, a decline from RMB35.6 million in the same period of 2024. In Q2 2025, Intchains Group Ltd. reported a net income of RMB38.3 million (US$5.3 million), down from RMB50.4 million in Q2 2024. The company also faced a loss from operations of RMB16.2 million (US$2.3 million) in Q2 2025, compared to an income from operations of RMB58.1 million in the same quarter of the previous year. Non-GAAP adjusted net income for Q2 2025 was RMB40.4 million (US$5.6 million), compared to RMB52.6 million for the same period in 2024. The company's cash position as of June 30, 2025, was RMB512.6 million (US$71.6 million), a decrease from RMB564.6 million as of March 31, 2025.
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